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Home News Crypto

Australia Joins Bitcoin ETF Boom: What It Means for Investors

by Team Lumida
June 16, 2024
in Crypto
Reading Time: 3 mins read
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Australia Joins Bitcoin ETF Boom: What It Means for Investors
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Key Takeaways

  1. Australia’s ASX will list the VanEck Bitcoin ETF this Thursday.
  2. US Bitcoin ETFs amassed $58 billion this year, setting a trend.
  3. Local players like BetaShares Holdings and DigitalX Ltd. plan similar listings.

What Happened?

Australia’s ASX Ltd. will list the VanEck Bitcoin ETF on its main stock market this Thursday, marking the first time a Bitcoin ETF will trade on the country’s primary exchange. This follows a global trend, with US Bitcoin ETFs amassing $58 billion this year.

VanEck’s CEO for Asia-Pacific, Arian Neiron, stated the ETF offers exposure to Bitcoin “using a regulated, transparent and familiar investment vehicle.” Other local players like BetaShares Holdings and DigitalX Ltd. are also lining up for similar listings.

Why It Matters?

This listing underscores the growing acceptance and institutionalization of Bitcoin as an asset class. With US Bitcoin ETFs gathering significant investment, the Australian market could see similar interest, providing new opportunities for investors.

The move also highlights the increasing demand for regulated crypto investment options, reflecting a shift in investor behavior towards digital assets. Arian Neiron emphasized that Bitcoin is an “emerging asset class,” signaling potential growth and mainstream adoption.

What’s Next?

Expect heightened activity in the Australian Bitcoin ETF market as more players like BetaShares Holdings and DigitalX Ltd. enter the fray. The listing on ASX could attract substantial investor interest, given the high profile of the exchange and Bitcoin’s recent rally.

Watch for how this affects Bitcoin’s price and market sentiment in Australia and potentially globally. This trend may also prompt other countries to consider similar listings, further institutionalizing Bitcoin.

Source: Bloomberg
Tags: AustraliaBitcoin ETF
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018